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Exclusive - High Net $635K with 4-Bedroom Home - ID 9159
Strong Net Profit $372,171 - Only $2.68M
Permanent management rights, Redbank Plains QLD
- Stable Body Corporate salary of $146,935 + GST, with annual CPI increases
- No set office hours fully flexible under your own arrangement with efficient systems already in place
- Minimal facilities: only pool and gym (no gate, no BBQ, minimal gardens)
- Simple, low-maintenance caretaking duties enjoy a semi-retired lifestyle or expand income opportunities
- Highly supportive committee
- Excellent net profit of $372,171, delivering close to 14% return
- 100% permanent rentals:
- Letting pool: 83
- Outside agents: 3
- Owner-occupied: 9
- Total units: 95
- Long-term security: 25-year agreement with 24 years remaining
- Modern double-storey freestanding managers residence:
- 4 bedrooms, 2.5 bathrooms
- Double lock-up garage
- Air-conditioning in living areas and bedrooms
- Large courtyard with covered patio
- High-quality modern buildings within a near-new complex
- Professional on-title office with fully installed cabinetry and filing system
- Convenient location in a peaceful setting
The perfect balance of quality living and strong income.
Total: $2,700,000 (includes quality modern 4-bedroom freestanding managers residence).
A first-class investment offering both quality property and exceptional income.
Net Profit: $372,171
Asking Price:$2,680,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: Strong Net Profit $372,171 - Only $2.68M
- Net Income: $ 372,171
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 680,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?